Naira Sinks Lower in Official Market, Nears N2,000/$ in Black Market

Naira Sinks Lower in Official Market, Nears N2,000/$ in Black Market …C0NTINUE READING HERE >>>

The local currency, the naira, depreciated further in the official window and remained flat in the parallel marketData from official sources show that the naira closed at N1,660.49 per dollar on Thursday, October 17, 2024In the parallel market, commonly referred to as the black, the naira traded at N1,700 per dollar, the same rate as the previous day

Henzodaily.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

Despite the various reforms of the Central Bank of Nigeria (CBN) to prevent the naira from plummeting further, the Nigerian…

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